FY2027 Small Area FMR · Old Lyme, CT

ZIP 06371 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 06371 (Old Lyme, CT) is $2,730 a month, up 12.3% from FY2026. That is 41% above the Hartford-West Hartford-East Hartford, CT area-wide FMR of $1,933.

2-bedroom SAFMR$2,730per month ▲ 12.3%

Area-wide 2 BR FMR$1,933Hartford-West Hartford-East

Rank in the area4thof 142 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,457

2 BR Small Area FMR$2,730

110% of SAFMR$3,003

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,900▲ 13.1%

1 BR$2,180▲ 13.5%

2 BR$2,730▲ 12.3%

3 BR$3,250▲ 11.7%

4 BR$3,590▲ 8.5%

FY2027 FY2026

Where 06371 sits in the Hartford-West Hartford-East Hartford, CT area

Of the 142 ZIP codes HUD lists for the area, 06371 has the 4th highest two-bedroom Small Area FMR. Hartford-West Hartford-East Hartford, CT is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,457 and $3,003 for two bedrooms.

ZIP code 06371 crosses more than one HUD area. HUD also lists it under Norwich-New London-Willimantic, CT (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,900	$1,710 – $2,090	$1,346	$1,680
1 bedroom	$2,180	$1,962 – $2,398	$1,543	$1,920
2 bedrooms	$2,730	$2,457 – $3,003	$1,933	$2,430
3 bedrooms	$3,250	$2,925 – $3,575	$2,303	$2,910
4 bedrooms	$3,590	$3,231 – $3,949	$2,542	$3,310

A household renting a two-bedroom home at the Small Area FMR of $2,730 needs about $109,200 a year to keep housing costs at 30% of income. The area median family income is $129,200 and the 80% low-income limit for four people is $103,350. ZIP code 06371 lies mainly in Lower Connecticut River Valley Planning Region. See the Hartford-West Hartford-East Hartford, CT metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
06426	Essex	3.9 mi	$2,240
06409	Centerbrook	5.1 mi	$2,190
06333	East Lyme	5.2 mi	$2,280
06475	Old Saybrook	5.3 mi	$2,570
06442	Ivoryton	5.9 mi	$2,000
06376	South Lyme	5.9 mi	$2,730

Questions

What is the Fair Market Rent for ZIP code 06371?

HUD's FY2027 Small Area Fair Market Rents for 06371 are $1,900 (studio), $2,180 (1 BR), $2,730 (2 BR), $3,250 (3 BR) and $3,590 (4 BR) a month.

What is the Section 8 payment standard in 06371?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 06371 that range is $2,457 to $3,003 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 06371?

The FY2026 income limits of the Hartford-West Hartford-East Hartford, CT area apply: median family income $129,200, low-income (80%) limit $103,350 for a family of four.